How to Sell House in Slow Market
More than 4.2 million homes sold in 2011, according to the National Association of Realtors, but the sales weren't evenly distributed over all geographic markets. Selling your residence in a slow ...Read More
Length of Time for a Short Sale Approval
The short sale process in which a home sells for less than the amount owed on its mortgage is known for being drawn-out and arduous. Short sales became a significant portion of the housing inventory ...Read More
Can Executors Do a Short Sale of a Home?
A short sale occurs when a lender chooses to accept less than the value of the mortgage on the property to convey clear title to a buyer. These are commonly used with an upside-down homeowner to help ...Read More
What Is a Quitclaim Assignment?
Assignment of a deed is the act of transferring that deed to another party and thereby transferring ownership. A quitclaim deed is a type of deed used to transfer real estate. In contrast to other ...Read More
Effects of a Quitclaim Deed on Cost Basis
When you sell a house, your taxable gain is the home's sale price minus its "basis." If you bought the house, the basis is usually what you paid for it, with a few adjustments -- hence the term "cost ...Read More
Can a Bank Back Out of a Short Sale?
There’s plenty of blame to go around since the 2008 financial crash gave banks a black eye and consumers reality checks about the U.S. housing market. As a result of the shakeout, “short sales” have ...Read More
Reasons for Delisting a House
When listing your home for sale, you'll sign a contract that is valid for a specific amount of time. This is usually six months; however, you can delist the home at any time. There are several ...Read More
Land Sale Contract Vs. Trust Deed
Land sale contracts are arrangements, usually set up as a part of owner financing, by which the buyer makes payments to the seller while occupying the seller's property. When the contract is ...Read More